Markets

Markets China trade talks extended as both sides tout progress
Author: 0 China trade talks extended as both sides tout progress

After months of US tariffs on Chinese imports and Chinese retaliatory tariffs on USA goods, Trump and Chinese President Xi Jinping held December 1, 2018 meetings at the G20 in Argentina. "On whether this operation will affect the ongoing trade talks between the two sides, I believe proper resolution of trade disputes is conducive to the world".

Markets All flights suspended at Heathrow due to drone sighting
Author: 0 All flights suspended at Heathrow due to drone sighting

Tuesday. "As a precautionary measure, Heathrow Airport has stopped departures and officers based at Heathrow are now investigating the reports with colleagues from Heathrow Airport", she added. BBC producer Kathy Long, speaking from a plane waiting to depart at Heathrow, said passengers had not been told officially what was behind the delay.

Markets China slashes banks' reserve requirements again as economy slows
Author: 0 China slashes banks' reserve requirements again as economy slows

The cut in banks' reserve requirement ratios is the fifth such move over the past year as the economy also faces mounting pressure from USA tariffs. It will reduce the required reserve ratio (RRR) by 0.5 of a percentage point on January 15 and again on January 25 so that banks have sufficient funds to lend, especially to private firms and small businesses.

Markets On Day 1 in power, House Democrats challenge Trump
Author: 0 On Day 1 in power, House Democrats challenge Trump

Trump tweeted. "How do you impeach a president who has won perhaps the greatest election of all time, done nothing wrong (no Collusion with Russian Federation, it was the Dems that Colluded), had the most successful first two years of any president, and is the most popular Republican in party history 93%?" Rashida Tlaib , who has made headlines for being the first Palestinian-American woman sworn in to US Congress, on Thursday told a room of her supporters that President Donald Trump ...

Markets Cathay Pacific to honour premium tickets sold at economy prices
Author: 0 Cathay Pacific to honour premium tickets sold at economy prices

SCORES of savvy travellers will be sipping heavily discounted champagne in first class recliners on Cathay Pacific flights this year after the airline agreed to honour tickets that were mistakenly sold at a fraction of their value. "Hope this will make your 2019 "special" too!" the company wrote on Twitter . Estimating the flights will earn him some 400,000 air miles, he said he had a hunch Cathay would honor the prices.

Markets Apple warns investors to expect weaker profit, blaming China's worsening economy
Author: 0 Apple warns investors to expect weaker profit, blaming China's worsening economy

Traders braced for another dose of the turbulence that ruled equities all December after reduced guidance at Apple Inc. sent exchange-traded funds tracking major indexes falling. Wearables grew by nearly 50 percent year-over-year, as Apple Watch and AirPods were wildly popular among holiday shoppers; launches of MacBook Air and Mac mini powered the Mac to year-over-year revenue growth and the launch of the new iPad Pro drove iPad to year-over-year double-digit revenue growth.

Markets Tesla shares stumble on price cut, disappointing Model 3 deliveries
Author: 0 Tesla shares stumble on price cut, disappointing Model 3 deliveries

The news also comes as automakers and analysts expect USA new vehicle sales to weaken in 2019. Ross Gerber, the president and CEO of Gerber Kawasaki, said Tesla's latest figures prove that its production line is consistent with high quality, but that the stock is down because of the price cut, which was unexpected.

Author: 0 New year, new minimum-wage rate as of January 1, 2019

In Missouri and neighboring Arkansas, voters in November overwhelmingly approved a minimum-wage increase, which directly affects about 1 million workers. This will complete the three-year phase-in of the $15 minimum wage, which was agreed to by Gov. Andrew Cuomo and state lawmakers in 2016. In today's dollars, the 1968 wage would be worth $11.83.

Author: 0 Here’s what CenturyLink said overnight about the outage

Many CenturyLink customers across the USA were without internet Thursday amid a lengthy outage that stretched from NY to California. That's the area code for Western Washington State. The Cochise County Sheriff's Office said Thursday its 911 centers were experiencing intermittent phone service disruption and, according to ABC15, was redirecting all 911 and administration lines to the Douglas Police Department.

Markets 'I do' have confidence Treasury Secretary Mnuchin
Author: 0 'I do' have confidence Treasury Secretary Mnuchin

Hassett later told reporters Powell wasn't at risk of being fired. As markets struggled to gain a foothold Wednesday morning, the partial shutdown of the federal government entered its fifth day, with no immediate end in sight. Mnuchin's attempts over the weekend to assure investors only seemed to make matters worse as the confusing signals from Washington sent the markets plunging.

Markets Bright light mystifies New Yorkers after transformer fire
Author: 0 Bright light mystifies New Yorkers after transformer fire

No injuries have been reported , and local authorities are asking people to avoid the location of the explosion at 20th Avenue and 31st Street in Astoria . Con Ed confirmed that the airport was running on generator power. "Arriving flights are able to land, but some departures are being held up". Residents rushed out to the streets as lights flickered around the city.

Markets Grocery store hours on Christmas Eve, Christmas Day
Author: 0 Grocery store hours on Christmas Eve, Christmas Day

Select Walgreens and CVS locations will be open on Christmas Day . Its stores in the Trafford Centre, Heathrow and St Pancras are set to open on Boxing Day but most shoppers will have to wait until December 27 to browse the shops for a bargain.

Markets Nissan’s Carlos Ghosn remains in jail as Tokyo prosecutors add fresh allegations
Author: 0 Nissan’s Carlos Ghosn remains in jail as Tokyo prosecutors add fresh allegations

On Dec. 10, Ghosn and Kelly were charged with underreporting about $43 million worth of income in Nissan's annual reports for the five fiscal years through March 2015. But his right-hand man, Kelly, may be released next week, with a request for bail filed Friday by Kelly's lawyer pending court approval. The conviction rate in Japan is more than 99 percent for any crime.

Markets U.S. stocks suffer worst week in seven years
Author: 0 U.S. stocks suffer worst week in seven years

The Nasdaq also set a 10-year record with a 8.4 percent plunge this week, the worst since November 2008. Major U.S. indexes are now 16 to 26 percent below the peaks they reached in the summer and early fall. What do the bond markets tell us about how investors are feeling about the economy? Declining issues outnumbered advancers for a 2.52-to-1 ratio on the NYSE and a 3.32-to-1 ratio on the Nasdaq.

Markets Nasdaq drop leaves it just shy of bear market
Author: 0 Nasdaq drop leaves it just shy of bear market

Mortgage costs, which are pegged to longer-term rates , may not move higher, but CD rates will. Britain's FTSE 100 rose 1 percent while Germany's DAX added 0.2 percent and the CAC 40 in France rose 0.5 percent. Bond prices rallied and the dollar, weaker on the day before the decision, regained some ground against most major currencies. In other words, he tried to tell the world, the Fed would be flexible as it tries to keep the economy humming without risking a surge in inflation.

Markets Government to meet fiscal deficit target of 3.3%: Jaitley
Author: 0 Government to meet fiscal deficit target of 3.3%: Jaitley

The decision comes days after Prime Minister Narendra Modi said that his government wanted to ensure that "99 per cent items attract sub-18 per cent GST slab". Creation of a Centralised Appellate Authority for Advance Ruling (AAAR) to deal withcases of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue .

Markets Drones suspend flights at Gatwick Airport in UK
Author: 0 Drones suspend flights at Gatwick Airport in UK

Gatwick officials said two drone were sighted near the runway. Queues of passengers in the check in area at Gatwick Airport this morning, as the airport remains closed after drones were spotted over the airfield last night and this morning.

Markets African Grey Parrot Rocco shops online on its own
Author: 0 African Grey Parrot Rocco shops online on its own

Things escalated when it began ordering items like water melons, raisins, broccoli, ice cream, a light bulb and even a kite. Rocco's owner Marion Wischnewski told the Daily Mail that she was shocked when she saw what he had done. A parrot that who kicked out of an animal sanctuary for swearing too much is up to mischief once more, all thanks to the smart house he lives in. She also said that he has romantic music playing for her when she reaches home.

Markets US, Canada look to ease strains amid 3-way spat with China
Author: 0 US, Canada look to ease strains amid 3-way spat with China

Speaking alongside US Secretary of State Mike Pompeo in Washington DC, Canadian Foreign Minister Chrystia Freeland addressed tensions between the two allies and China over Canada's arrest of Chinese citizen Meng Wanzhou . Trump has previously attacked Canada and Prime Minister Justin Trudeau over trade, and his suggestion that he could intervene in the Meng case contradicted Canadian officials who said the arrest was not political.

Markets Branson's Virgin Galactic successfully reaches space
Author: 0 Branson's Virgin Galactic successfully reaches space

Richard Branson center celebrates with pilots Rick "CJ" Sturckow (L), and Mark "Forger" Stucky (R), after Virgin Galactic's tourism spaceship climbed more than 50 miles high above California's Mojave Desert on December 13, 2018. "Today we have shown Virgin Galactic can open space to the world", company owner Richard Branson said while welcoming the pilots after landing. At the start of the flight, a special plane carrying the VSS Unity climbed to almost 13,700 meters before releasing the ...

Markets China resumes United States soybean imports, may cut auto tariffs
Author: 0 China resumes United States soybean imports, may cut auto tariffs

Trump has imposed import taxes on $250 billion in Chinese products - 25 percent on $50 billion worth and 10 percent on the other $200 billion. "The risk right now is to the downside still, even though we had this reversal", said Gordon Charlop, managing director at Rosenblatt Securities in NY.

Markets Farm Bill Sails Through Congress with Bipartisan Support
Author: 0 Farm Bill Sails Through Congress with Bipartisan Support

Sources told Fox News that lawmakers are trying to get an agreement in the Senate Wednesday night, in which case the House would likely approve the measure Thursday. Thune said that of the approximately 20 provisions he worked on that made it into the Senate bill, almost all the ideas behind them came from the suggestions and complaints of South Dakota's farmers and ranchers.

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